Market liquidity: asset pricing, risk, and crises
"This book is about the pricing of liquidity. We present theory and evidence on how liquidity affects securities prices, why liquidity varies over time, how a drop in liquidity leads to a drop in prices, and why liquidity crises create liquidity spirals. The analysis has implications for trader...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Cambridge ; New York
Cambridge University Press
2013
|
| Schlagworte: | |
| Zusammenfassung: | "This book is about the pricing of liquidity. We present theory and evidence on how liquidity affects securities prices, why liquidity varies over time, how a drop in liquidity leads to a drop in prices, and why liquidity crises create liquidity spirals. The analysis has implications for traders, risk managers, central bankers, performance evaluation, economic policy, regulation of financial markets, management of liquidity crises, and academic research. Liquidity and its converse, illiquidity, are elusive concepts: You know it when you see it, but it is hard to define. A liquid security is characterized by the ability to buy or sell large amounts of it at low cost. A good example is U.S. Treasury Bills, which can be sold in blocks of $20 million dollars instantaneously at the cost of a fraction of a basis point"-- |
| Beschreibung: | xiv, 277 p. ill |
Internformat
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| 245 | 1 | 0 | |a Market liquidity |b asset pricing, risk, and crises |c [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen |
| 264 | 1 | |a Cambridge ; New York |b Cambridge University Press |c 2013 | |
| 300 | |a xiv, 277 p. |b ill | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | |a "This book is about the pricing of liquidity. We present theory and evidence on how liquidity affects securities prices, why liquidity varies over time, how a drop in liquidity leads to a drop in prices, and why liquidity crises create liquidity spirals. The analysis has implications for traders, risk managers, central bankers, performance evaluation, economic policy, regulation of financial markets, management of liquidity crises, and academic research. Liquidity and its converse, illiquidity, are elusive concepts: You know it when you see it, but it is hard to define. A liquid security is characterized by the ability to buy or sell large amounts of it at low cost. A good example is U.S. Treasury Bills, which can be sold in blocks of $20 million dollars instantaneously at the cost of a fraction of a basis point"-- | ||
| 650 | 4 | |a Liquidity (Economics) | |
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| 700 | 1 | |a Mendelson, Haim |e Sonstige |4 oth | |
| 700 | 1 | |a Pedersen, Lasse Heje |e Sonstige |4 oth | |
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Datensatz im Suchindex
| _version_ | 1804178999239245824 |
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| any_adam_object | |
| building | Verbundindex |
| bvnumber | BV045253261 |
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| dewey-full | 332.63/222 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.63/222 |
| dewey-search | 332.63/222 |
| dewey-sort | 3332.63 3222 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV045253261 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:12:53Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030641237 |
| oclc_num | 817224493 |
| open_access_boolean | |
| physical | xiv, 277 p. ill |
| psigel | ZDB-30-PAD |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Cambridge University Press |
| record_format | marc |
| spelling | Market liquidity asset pricing, risk, and crises [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen Cambridge ; New York Cambridge University Press 2013 xiv, 277 p. ill txt rdacontent c rdamedia cr rdacarrier "This book is about the pricing of liquidity. We present theory and evidence on how liquidity affects securities prices, why liquidity varies over time, how a drop in liquidity leads to a drop in prices, and why liquidity crises create liquidity spirals. The analysis has implications for traders, risk managers, central bankers, performance evaluation, economic policy, regulation of financial markets, management of liquidity crises, and academic research. Liquidity and its converse, illiquidity, are elusive concepts: You know it when you see it, but it is hard to define. A liquid security is characterized by the ability to buy or sell large amounts of it at low cost. A good example is U.S. Treasury Bills, which can be sold in blocks of $20 million dollars instantaneously at the cost of a fraction of a basis point"-- Liquidity (Economics) Securities Prices Wertpapiermarkt (DE-588)4189708-0 gnd rswk-swf Liquiditätsrisiko (DE-588)4314333-7 gnd rswk-swf Liquidität (DE-588)4035908-6 gnd rswk-swf Liquidität (DE-588)4035908-6 s Liquiditätsrisiko (DE-588)4314333-7 s Wertpapiermarkt (DE-588)4189708-0 s 1\p DE-604 Amihud, Yakov 1947- Sonstige oth Mendelson, Haim Sonstige oth Pedersen, Lasse Heje Sonstige oth ProQuest (Firm) Sonstige oth 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Market liquidity asset pricing, risk, and crises Liquidity (Economics) Securities Prices Wertpapiermarkt (DE-588)4189708-0 gnd Liquiditätsrisiko (DE-588)4314333-7 gnd Liquidität (DE-588)4035908-6 gnd |
| subject_GND | (DE-588)4189708-0 (DE-588)4314333-7 (DE-588)4035908-6 |
| title | Market liquidity asset pricing, risk, and crises |
| title_auth | Market liquidity asset pricing, risk, and crises |
| title_exact_search | Market liquidity asset pricing, risk, and crises |
| title_full | Market liquidity asset pricing, risk, and crises [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen |
| title_fullStr | Market liquidity asset pricing, risk, and crises [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen |
| title_full_unstemmed | Market liquidity asset pricing, risk, and crises [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen |
| title_short | Market liquidity |
| title_sort | market liquidity asset pricing risk and crises |
| title_sub | asset pricing, risk, and crises |
| topic | Liquidity (Economics) Securities Prices Wertpapiermarkt (DE-588)4189708-0 gnd Liquiditätsrisiko (DE-588)4314333-7 gnd Liquidität (DE-588)4035908-6 gnd |
| topic_facet | Liquidity (Economics) Securities Prices Wertpapiermarkt Liquiditätsrisiko Liquidität |
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